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deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional $1 billion more than the house plan. the biggest difference would be the impact on the nation's ballooning deficit. the senate plan is projected to cut spending by $975 billion over the next ten year. in the same time the house plan would cut a lot more. $6 trillion nearly. and if all this is not enough number crunching for you president obama is expected to release his budget plan in early april. of course, we will take a look and report. >>> europe holding its collective breath time as the nation of cypress teethers on bankruptcy. a lot of wealthy europeans particularly russians park their money in cyprus bank. if the financial system fails. they will be asked to foot the bill for the bailout of the bank. we started seeing how they might pay with talk of a 20% tax on bank deposits. a chance the banks to collapse by tuesday there. >> reporter: harris that is absolutely right. unless there is a bailout deal and reportedly that could b
it again. cyprus is only the third smallest economy in the euro zone. if it has to devalue its currency, then do we have a domino fall and a fall in other places, spain, italy, and then do we see the whole thing going over with greece and the rest? >> and impacts us, and people may begin to take some of their money out of stocks here at home. >> what happens, people flee, basically, to quality. the dollar go up and treasuries being bought and see people getting out of risky things such as stocks. >> harris: you're the silver lining person on fox report weekend. you always find it for us and say later on in the week no matter what happens, if we feel a hiccup, if we don't, because of this week and cyprus and european problems over there, we have some good news coming? >> plenty to move the markets this week, and we have news on housing, both on prices and pending home sales and prices across the country and he we also have consumer confidence which has been quite high. so the housing rebound is something that's been pushing the bulls and they have been very resilient. we've seen them run
immigrants are good for this economy. they are benefitting not only high skill people like me or like all of the people working in washington, d.c. because they mow their lawn and they watch their children, but also lower skilled labors because this is not a zero sum game. the economy can expand. the data is very clear. i think it is pretty much a no brainer. >> if an immigrant paints my house somehow we are all richer because the rest of us can specialize in something else? >> yes. one of the ways because he's cheaper he makes prices much lower prices of construction much lower for all of us. >> that mahas been my understanding by this flexibility of a labor market everything costs less we can get richer. >> what you are focusing on is the gross domestic product for example if we were to provide grants and amnesty to 12 million illegal aliens the gdp tote at that time total sum of all good and products would grow. >> they would stop hiding and report more income. >> that is an abstract method. it doesn't mean anything. it means squat for "john q" public. with the holy skilled low end job
shows by increased economic growth but the duty is even low-skilled immigrants are good for this economy. they are benefiting not just people like me or people working in washington d.c. because they know their lawn, watched their children but this is not the zero sum game and the data is clear it is a no-brainer. john: of the immigrant pains my house we are richer? >> yes. because he is cheaper e makes construction and prices lower for all of us. john: adits minder standing everything cost less and we get richer. >> to focus on the gdp if we would provide amnesty to 12 million in legal immigrants yes a total sum of products manufactured would grow. >> the more people in the bigger it gets but it is abstract but it doesn't mean anything for the public because if you find a the government with low-end jobs gdp is rising but opportunities for meaningful growth are eroding. john: what would you do with the 12 million who are here? >> you remove them as identified by law and allow them to leave voluntarily. if we have the incentives in place they would self to port with attrition. john: mak
Search Results 0 to 3 of about 4